Stephens Insurance has announced Miles Stephens will take over as the company’s president and CEO, effective June 3.
Stephens will be succeeding Martin Rhodes, who is assuming the role of chairman. According to a press release, Rhodes and Stephens will be working together to manage the leadership transition and to “ensure the strategic goals and objectives of Stephens Insurance and those of its clients.”
“Being a part of an incredible team and building Stephens Insurance into an industry leader has been a rewarding and meaningful endeavor. What first attracted me to the company was the family ownership structure and the abiding commitment of Warren Stephens to the business. This has been an important differentiator for our practice and those we serve,” Rhodes says. “As a multi-generational, family organization, it is exciting to have Miles lead this important business for Stephens and continue the success of this first-class insurance organization.”
A member of Stephens Inc.’s Investment Banking division since joining the firm in 2014, Stephens has most recently served as a senior vice president, advising mid- to large-sized corporations. He graduated from Dartmouth College and received an MBA from Columbia Business School.
Rhodes joined Stephens Insurance in 2005 and was instrumental in growing the company into the “largest privately owned insurance brokerage in the Mid-South,” according to the press release.
“Marty has made an indelible impact on Stephens Insurance and it’s now my mission to build upon this momentum. The insurance industry, and how it services clients, is ever changing and how we tackle this complex environment over the near and long-term will define our place in the market. I look forward to working with Marty and team in guiding the business forward at this unique time for Stephens Insurance,” Stephens says.
Stephens Insurance is headquartered in Little Rock, and is one of the largest privately-owned insurance brokerages in the Mid-South. There are currently more than 170 associates throughout Stephens Insurance’s network of offices in Fayetteville, Dallas, Austin, Jackson, Houston, and Birmingham.